Forex Market

The pound fell again on Monday (March 15th) amid an increase in US Treasury yields and with the European Union launching legal action against Britain’s unilateral changes to trade arrangements with Northern Ireland. The 27-nation bloc said the changes violated the Brexit deal signed last year. The pound fell 0.22% …

The British Pound (GBP) recovered from its earlier losses on Monday, as the U.S. Dollar (USD) showed a mostly positive performance across the board. In addition, the recent development of the European Union (EU) taking legal action against the United Kingdom (UK) has increased market uncertainty about the future of …

The U.S. Dollar (USD) continued to rise on Monday, for the third consecutive session, opening the week with a positive performance supported by the rise in Treasury bond yields. Today, the benchmark 10-year Treasury bond yield went as high at 1.639% nearing its best level in about 13 months. The …

The Turkish Automobile Industry Federation said that the country’s auto sector production fell 9.3% year-on-year in February to 116,88 cars, and exports fell 14.3% to 87,908 cars. said that in the period from January to February, production decreased 6.5 percent to 222,264 cars, while exports decreased 14.1.

The U.S. Dollar (USD) declined on Thursday as the recent inflation data helped ease reflation fears, pushed down Treasury bond yields, and improved risk sentiment, which reflected positively on other currencies. Market are reacting to the passing of the $1.9 trillion relief bill by Congress, which is expected to soon …

The Turkish lira rose about 1%, to offset some of the recent losses it incurred for the third day in a row with growing expectations that the central bank will raise interest rates from 17% next week. The lira was steady at 7.44 against the US dollar, rising from Wednesday’s …

The U.S. Dollar (USD) returned to the positive territory on Wednesday, after briefly declining following the release of inflation data. Data by the United States Bureau of Labor Statistics showed that the Core Consumer Price Index (CPI) in February declined to 1.3%, falling to meet market expectation of 1.4%. The …

Turkey’s unemployment rate fell to 12.2% in January and the labor force participation rate rose to 50% from a month ago, according to data released on Wednesday that was presented in a new form in line with international standards. The unemployment rate was 12.6% in December and 12.8% a year …

Turkey has extended the ban on layoffs for two months, starting March 17, according to a presidential decree. The ban was imposed last year to limit the impact of the Coronavirus pandemic on employment and the economy at large. The Turkish President has the power to extend it for a …

The U.S. Dollar (USD) rose on Monday, reaching its highest level in three and a half months, supported by higher demand due to the increasing Treasury bond yields. The Dollar Index (DXY), which measures the USD’s performance against a basket of six major international currencies, is up by 0.35% at …